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Prakash Shimpi Joins ING U.S. as Chief Risk Officer
Shimpi will oversee the enterprise-wide risk monitoring and management program for ING's U.S. insurance operations, and will be responsible for managing the framework for measuring, controlling, hedging, and pricing risk, as well as compliance with all global financial reporting standards for the company.
Report: NAIC Meeting's Emphasis on Solvency Will Drive Insurance IT Spend
The NAIC's Solvency Modernization Initiative will drive regulation that supports global regulatory transparency and necessitate risk management and reporting technology modernization, according to Deloitte.
Demand for Sophisticated Risk Management Capabilities Increasing
The financial crisis has increased demands -- both internally and from regulators and raters -- on insurers' risk managers to deliver reliable, accurate and up-to-date views of risk exposure, real and potential.
U.S. Treasury Appoints Two Directors to AIG Board
Former E*Trade CEO Donald Layton's and retired CEO of EDS Ronald Rittenmeyer's appointments are effective immediately.
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